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0.7¢ halo food co. limited

Correction: I should say close to profitable on a normalised...

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RedRocket005

268 Posts.

131

29/07/22

17:39

Post #: 62818144
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Originally posted by RedRocket005: ↑

I'm satisfied with this report:
- initial signs of cash flow positive (the half yearly up next will confirm)
- THM looking like it's making some early signs of progression
- Brands finally EBITDA positive (I'm glad the cash burning Supercubes in gone)
- I'm expecting a highly cash flow positive NZ FY Q2, as the lumpy WFresh order should be due for collection and the overflow from Q1

The main points I liked:
- Overdue debtors due this Q are mostly paid
- management stated no further CR are planned
- should see a winding down of inventory into working capital

I'm still looking for an update on our new China customers, but all seems going well. It may look like TheLand is still getting organised or it may not go through (oh well, you can't win them all).

This report has basically confirmed to me that the world of Halo is not going to implode in the short term and what the hell is the share price doing down here... it's a strong buy from me leading into the half yearly results, which I believe there's a chance of being profitable or close to!

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Correction: I should say close to profitable on a normalised level.

HLF Price at posting: 5.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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